Market Overview
Rider safety and protection have emerged to be of paramount importance due to the growing bicycle sporting culture, continuous upsurge in bicycle fleet and rising demand for sports and mountain bicycles. Bicycle lights are expected to emerge as important products in the bicycle accessory market. The growth of bicycle industries, owing to heavy traffic and congestion, has led to higher adoption of bicycle accessories, which help in providing safety to the rider and enhance the quality of riding experience. Bicycle accessories are expected to emerge as important components in the growing bicycle industries.
Moreover, bicycle lights have been perceiving a surge in demand more recently, owing to growth in the bicycle industry and easy availability of products. Increase in bicycle racing events and bicycle riding organizations has unfolded new opportunities for the growth of the bicycle lights market.
Product Definition and Segmentation
A bicycle light is a bicycle accessories used to ensure the comfort and safety of the rider at night. Bicycle lights and reflectors are necessary installations for a rider to cycle on a public road after dark. Bicycle lights include front lamps, rear lamps, flashing lights, rear reflectors, pedal reflectors, etc. The market for bicycle light can be segmented on the basis of the following criteria:
By mounting type:
By bicycle type:
Modern lifestyle and busy schedules force people to work without exercise and merely intake junk food, which in turn results in obesity or overweight. According to the World Health Organization, in 2014, over half of the adult population in 114 nations including Europe, Middle East, and the Americas was obese. Meanwhile, a healthy and more nature-friendly lifestyle is gaining attraction and people are becoming more aware about the hazards caused by obesity across the globe.
Moreover, studies reveal that bicycling burns 500 – 700 calories per hour. Most of these countries have adopted bicycle riding as an effective way for burning fat and maintaining normal body mass. Thus, rising awareness among consumers increases the demand for bicycles, which fuels the growth of the bicycle accessories market over the forecast period.
Cyclist have to install bicycle lights to ride bicycle on a public road when dark and this necessity will surge the demand for bicycle lights over the forecast period and create an avenue for market growth.
Online Sales Channel to emerge as a Major Trend
The demand for bicycle accessories is projected to be grow significantly during the forecast period. The ever growing bicycle industry both in developing and developed economies is the prime reason behind the growth of this market. Moreover, the increasing number of bicycle racing events is also expected to surge the demand for bicycle accessories (bicycle lights) over the forecast period. The growing trend of online sales channel is further expected to supplement market growth.
A major trend expected five years down the line involves market leaders, both OEMs & dedicated manufacturers, focusing on providing bicycle lights through the online sale channel and using it to market its products in the regional market. Manufacturers are offering products as per consumer needs, which in turn is escalating competition.
For in-depth competitive analysis, Check Pre-Book here @ https://www.persistencemarketresearch.com/checkout/23359
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360-degree Analysis
We leave no stone unturned to give clients an exhaustive coverage of the industry.
Global Digital Payment And Security Market to Grow at Steady Pace, Driven By Surge in Online Orders during COVID-19 Pandemic Lockdown, Says PMR
Report Highlights:
Rider safety and protection have emerged to be of paramount importance due to the growing bicycle sporting culture, continuous upsurge in bicycle fleet and rising demand for sports and mountain bicycles. Bicycle lights are expected to emerge as important products in the bicycle accessory market. The growth of bicycle industries, owing to heavy traffic and congestion, has led to higher adoption of bicycle accessories, which help in providing safety to the rider and enhance the quality of riding experience. Bicycle accessories are expected to emerge as important components in the growing bicycle industries.
Moreover, bicycle lights have been perceiving a surge in demand more recently, owing to growth in the bicycle industry and easy availability of products. Increase in bicycle racing events and bicycle riding organizations has unfolded new opportunities for the growth of the bicycle lights market.
Product Definition and Segmentation
A bicycle light is a bicycle accessories used to ensure the comfort and safety of the rider at night. Bicycle lights and reflectors are necessary installations for a rider to cycle on a public road after dark. Bicycle lights include front lamps, rear lamps, flashing lights, rear reflectors, pedal reflectors, etc. The market for bicycle light can be segmented on the basis of the following criteria:
By mounting type:
- Headlight
- Rear Safety Lights
- Side Safety Lights
By bicycle type:
- Road
- Mountain
- Sports
- Offline Stores
- Online Stores
Modern lifestyle and busy schedules force people to work without exercise and merely intake junk food, which in turn results in obesity or overweight. According to the World Health Organization, in 2014, over half of the adult population in 114 nations including Europe, Middle East, and the Americas was obese. Meanwhile, a healthy and more nature-friendly lifestyle is gaining attraction and people are becoming more aware about the hazards caused by obesity across the globe.
Moreover, studies reveal that bicycling burns 500 – 700 calories per hour. Most of these countries have adopted bicycle riding as an effective way for burning fat and maintaining normal body mass. Thus, rising awareness among consumers increases the demand for bicycles, which fuels the growth of the bicycle accessories market over the forecast period.
Cyclist have to install bicycle lights to ride bicycle on a public road when dark and this necessity will surge the demand for bicycle lights over the forecast period and create an avenue for market growth.
Online Sales Channel to emerge as a Major Trend
The demand for bicycle accessories is projected to be grow significantly during the forecast period. The ever growing bicycle industry both in developing and developed economies is the prime reason behind the growth of this market. Moreover, the increasing number of bicycle racing events is also expected to surge the demand for bicycle accessories (bicycle lights) over the forecast period. The growing trend of online sales channel is further expected to supplement market growth.
A major trend expected five years down the line involves market leaders, both OEMs & dedicated manufacturers, focusing on providing bicycle lights through the online sale channel and using it to market its products in the regional market. Manufacturers are offering products as per consumer needs, which in turn is escalating competition.
For in-depth competitive analysis, Check Pre-Book here @ https://www.persistencemarketresearch.com/checkout/23359
Reasons to Purchase this Report:
Accuracy and Quality
Our reports strive to offer superior quality reports based on authentic and accurate findings.
Customer Satisfaction
We aim to ensure that our client’s research needs are met with customized, top-of-the-line solutions.
Unmatched Expertise
Our analysts and consultants are among the best in their field and promise to deliver excellent market intelligence.
360-degree Analysis
We leave no stone unturned to give clients an exhaustive coverage of the industry.
Global Digital Payment And Security Market to Grow at Steady Pace, Driven By Surge in Online Orders during COVID-19 Pandemic Lockdown, Says PMR
Report Highlights:
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
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